TD Waterhouse Canada Inc. decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 50.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,441 shares of the technology company’s stock after selling 7,516 shares during the period. TD Waterhouse Canada Inc.’s holdings in Guidewire Software were worth $1,153,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Financial Advisors bought a new stake in shares of Guidewire Software in the 2nd quarter worth $29,000. Silvant Capital Management LLC purchased a new position in shares of Guidewire Software in the second quarter worth $33,000. Leonteq Securities AG bought a new position in shares of Guidewire Software during the first quarter valued at $36,000. Bogart Wealth LLC lifted its holdings in shares of Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Guidewire Software during the second quarter valued at $49,000.
Guidewire Software Stock Down 0.9%
Guidewire Software stock opened at $181.90 on Thursday. The stock has a market cap of $15.14 billion, a PE ratio of 111.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $255.89. The stock has a fifty day moving average of $167.26 and a 200 day moving average of $148.28.
Guidewire Software (NYSE:GWRE – Get Free Report) last posted its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. Guidewire Software’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 2.45 EPS for the current year.
Insider Transactions at Guidewire Software
In other news, insider James King sold 9,187 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $168.00, for a total transaction of $1,543,416.00. Following the completion of the sale, the insider owned 35,371 shares of the company’s stock, valued at $5,942,328. This represents a 20.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John Mullen sold 5,400 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $185.00, for a total transaction of $999,000.00. Following the completion of the transaction, the president owned 178,247 shares in the company, valued at $32,975,695. This trade represents a 2.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 207,335 shares of company stock valued at $31,380,323. 0.46% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research firms recently commented on GWRE. BTIG Research increased their price objective on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Wells Fargo & Company boosted their target price on Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Oppenheimer boosted their target price on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Finally, Guggenheim raised their price target on shares of Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $216.23.
Read Our Latest Stock Analysis on Guidewire Software
Guidewire Software Company Profile
Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.
The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.
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